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BRIEF-Oncolytics Biotech and Adlai Nortye enter into $86.6 mln regional licensing agreement for Reolysin

Published 2017-11-16, 05:12 p/m
© Reuters.  BRIEF-Oncolytics Biotech and Adlai Nortye enter into $86.6 mln regional licensing agreement for Reolysin
ONC
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Nov 16 (Reuters) - Oncolytics Biotech Inc ONC.TO

* Oncolytics Biotech Inc. and Adlai Nortye enter into $86.6 million regional licensing agreement for Reolysin

* Oncolytics Biotech Inc - Oncolytics to receive upfront, licensing fee and milestone payments to support phase 3 registration study of usd $21.2 million

* Oncolytics Biotech - Co is eligible to receive up to additional $65.4 million upon achievement of clinical, regulatory, commercialization milestones

* Oncolytics Biotech Inc - Upon Adlai Nortye's commercialization of reolysin, Oncolytics is eligible to receive double digit royalty payments

* Oncolytics - Adlai to have exclusive development, commercialization rights to Reolysin in China, Hong Kong, Macau, Singapore, South Korea and Taiwan

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